Trust Corporation (Noun)
Meaning
An organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services.
Classification
Nouns denoting groupings of people or objects.
Examples
- Our law firm works closely with a reputable trust corporation to manage the estates of our deceased clients.
- The company designated a trust corporation to handle the bulk transfer of employee stock ownership after corporate restructuring.
- A trust corporation was established to provide an umbrella for the preservation of cultural artifacts and provide scholarship grants.
- After verification of compliance with regulatory requirements, the government appointed a trust corporation to oversee the local pension fund.
- Our trust corporation will facilitate secure international transactions, custody of financial assets and other related services for our clients.